Question: all part of the same question Problem 14-1A Computing bond price and recording issuance LO C2, P1 Hartford Research issues bonds dated January 1, 2017,

all part of the same question

all part of the same question Problem 14-1A Computing bond price andrecording issuance LO C2, P1 Hartford Research issues bonds dated January 1,2017, that pay interest semiannually on June 30 and December 31. Thebonds havea $40,000 par value and an annual contract rate of 10%,and they mature in 10 years. (Use the PV and PVA formulasand round your calculations to the nearest dollar.) Required Consider each of

Problem 14-1A Computing bond price and recording issuance LO C2, P1 Hartford Research issues bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. The bonds havea $40,000 par value and an annual contract rate of 10%, and they mature in 10 years. (Use the PV and PVA formulas and round your calculations to the nearest dollar.) Required Consider each of the following three separate situations. I. The market rate at the date of issuance is 8%. (a) Complete the below table to determine the bonds' issue price on January 1, 2017. (b) Prepare the journal entry to record their issuance 2. The market rate at the date of issuance is 10%. (a) Complete the below table to determine the bonds' issue price on January 1, 2017 (b) Prepare the journal entry to record their issuance. 3. The market rate at the date of issuance is 12%. (a) Complete the below table to determine the bonds' issue price on January 1, 2017 (b) Prepare the journal entry to record their issuance. Complete this question by entering your answers in the tabs Required 1A Required 1B Required 2A Required 2B Required 3A Required 3B Complete the below table to determine the bonds' issue price on January 1, 2017, if the market rate at the date of issuance is 8%. Formula inputs: Present Value Step 2. Find the present value of the cash interest payments. Step 3. Find the present value of the maturity value Step 4: Find the bonds' issue price. Required 1A Required 1B Required 1A Required 1B Required 2A Required 2B Required 3ARequired 3B Prepare the journal entry to record their issuance, if the market rate at the date of issuance is 8%. View transaction list Journal entry worksheet Record the issue of bonds with a par value of $40,000 on January 1, 2017 Assume that the market rate of interest at the date of issue is 8%. Note: Enter debits before credits. Date General Journal Debit Credit Jan 01, 2017 Record entry Clear entry View general journal Required 1A Required 1B Required 2ARequired 2B Required 3A Required 3B Complete the below table to determine the bonds' issue price on January 1, 2017, if the market rate at the date of issuance is 10% Formula inputs: n a Present Value Cash Flow Step 2. Find the present value of the cash interest payments. Step 3. Find the present value of the maturity value. Step 4. Find the bonds' issue price. Required 1B Required 2B> Required 1A Required 1B Required 2ARequired 2BE Required 3A Required 3B Prepare the journal entry to record their issuance, if the market rate at the date of issuance is 10%. View transaction list Journal entry worksheet Record the issue of bonds with a par value of $40,000 on January 1, 2017. Assume that the market rate of interest at the date of issue is 10%. Note: Enter debits before credits. Date General Journal Debit Credit Jan 01, 207 Required 1A Required 1B Required 2A Required 2B Required 3ARequired 3B Complete the below table to determine the bonds' issue price on January 1, 2017, if the market rate at the date of issuance is 12% Formula inputs: n a Cash Flow Step 2. Find the present value of the cash interest payments. Step 3. Find the present value of the maturity value. Step 4. Find the bonds' issue price. Present Value Required 2B Required 3B> Required 1A Required 1B Required 2A Required 2B Required 3ARequired 3B Prepare the journal entry to record their issuance, if the market rate at the date of issuance is 12%. View transaction list Journal entry worksheet Record the issue of bonds with a par value of $40,000 on January 1, 2017 Assume that the market rate of interest at the date of issue is 12%. Note: Enter debits before credits Date General Journal Debit Credit Jan 01, 2017

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